Bitcoin short-term holders’ profits rise – data prompts incoming and selling pressure
Bitcoin’s strength exceeded the $108,000 level and continues to push the breakthroughs beyond its all-time high of $112,000. Price action remains firmly optimistic as buyers maintain control over the main time frame with little weakness. After weeks of mergers and steady growth, BTC now appears to be expected to enter potential migrations in unknown areas.
Supporting this bullish momentum, data from crypto-rich chain chains suggests that short-term holders’ unrealized profit indicators (those holding coins for 1 to 3 months) are currently 27%. The indicator helps measure how much profit short-term investors sit and historically provides a key signal during major market shifts.
During the past four years, when the metric exceeds 40%, it usually triggers a wave of sales in this cohort, resulting in increased pressure on BTC price declines. Since the metric system is still below this key threshold, the market may have room to climb before short-term holders start to lock in profits on a large scale.
Bitcoin enters key week, analysts’ eyes break through to $120K
Bitcoin is entering a crucial week as price action hovers around the all-time highs, and analysts predict a breakthrough could send BTC soaring to $120,000. After weeks of steady growth and a bullish merger at the level of over $108,000, the momentum is building. The market is growing confident that a clear push over $112K resistor can unlock the next job of that cycle.
This is an uncertain growth facing global markets. Bitcoin appears to be booming in volatility as macroeconomic instability, rising geopolitical tensions and monetary policy differ. During a period of financial stress, its non-dominant, digital nature continues to attract capital, both as hedges and high-beta growth assets.
Top analyst Axel Adler shares convincing on-chain data, highlighting where the market is currently located. Net unrealized profit/loss (NUPL) for short-term holders is now 27%, according to Implicit Shares. Historically, once the metric system is crossing 40%, the queue starts to make profits, often triggering selling pressure and temporary tops.
Adler’s prediction assumes a steady rise of 0.818 percentage points per day, placing the 40% threshold distance of about 16 days – around June 11, 2025. At that time, if the trend continues, BTC trading could be close to $162,000.
He warned that predictions are based on linear extrapolation and do not account for potential market shocks, “black swan” events or political headlines, such as sudden policy shifts or tweets from U.S. President Donald Trump.
Bull defends the level after rupture
Bitcoin is trading at $109,844 and remains strong in key breakthrough areas after reaching a new all-time high of $112,000. The daily chart shows that BTC maintains a bullish structure, with prices well above 34 EMA ($101,469), and all major moving averages. Priced at $103,600, marked in yellow, holds long-term resistance in early periods of the cycle and has now turned to support – a textbook regrouping structure.
During this merger, volume remained relatively stable, with recent candles indicating healthy digestion of gains rather than exhaustion. BTC continues to print higher lows, indicating that buyers are stepping in each callback. As long as the price remains in the $103,000 to $105,000 region, the broader trend remains intact.
The next key resistance is above $112,000. Daily closing of this level may confirm continuation and open the door to the range of $120,000-$125,000. The momentum is still on the Bulls’ side, and the structure points to the market to prepare for further upside.
Featured images from DALL-E, charts from TradingView
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